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SSR Mining Inc.
Summary
| Project: | San Luis | |
|---|---|---|
| Deposit: | San Luis | |
| Location: | Peru | |
| Commodities: | Gold | |
| Date: | 2/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-2-2019: SSR Mining Inc. announces a Resource Estimation report for its San Luis deposit at the San Luis project. annual statement of resource at San Luis. VANCOUVER, B.C. - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) reports consolidated | |
| Resources: | (Resource, Ind.): 0.48Mt @ 578g/t Ag, 22.40g/t Au | |
| CP/QP: | [Resources]: Bruce Butcher, Carl Edmunds (Internal) | |
| ABSTRACT: | VANCOUVER, B.C. - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) reports consolidated financial results for the fourth quarter and year ended December 31, 2018. Paul Benson, President and CEO said, “SSR Mining had another successful year in 2018 as we continued our track record of achieving production and cost guidance for the seventh consecutive year while transitioning to commercial production at Chinchillas. We maintained a strong balance sheet after a year of investment that brought a new mine into production, delivered reserve growth and included our strategic investment in SilverCrest Metals. Looking ahead, 2019 consolidated gold production is forecast to grow to nearly 400,000 gold equivalent ounces as all three operations increase output, including our newest mine, Chinchillas, which is ramping up to steady-state operations. And by 2021, our production profile is expected to grow to 440,000 gold equivalent ounces, not including the potential upside at Marigold or success from our brownfield exploration programs. With nearly $420 million of cash and an outlook of increasing production and higher margins, we are well positioned to continue our track record of creating value for shareholders." | |
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